Repsol invests 5 MM Euros in Puertollano lubricants plant
Repsol will invest 5 MM euros in its Puertollano lubricants plant as part of the company’s objective to increase sales in both domestic and international markets. Production will be increased until maximum capacity is reached.
The lubricants plant will produce between 115,000 tpy to 170,000 tpy, within the framework of the 2017–2021 strategic plan for the lubricants business. This is Repsol’s most international business, selling in more than 80 countries.
The new strategic plan for the lubricants sector of the company aims to double the total sales volume to 300,000 t, and quadruple it abroad. The main areas of growth will be in Asia and Latin America.
Of the 147,000 t of lubricants that Repsol sold in 2016, 115,000 t (nearly 80%) was produced in Puertollano, while the rest came from company’s 10 other factories in countries like China, Japan, Indonesia, and Malaysia.
To handle the expected increase in production, the Puertollano lubricants plant will begin operating 24 hours a day, and has increased its workforce to close to 75 people.
Repsol handles the entire process of manufacturing lubricants in Puertollano, from distilling the petroleum, to adding additives and the subsequent packaging. In addition, the company’s Technology Center conducts research to create products that are at the forefront of the sector and that meet the highest standards.
Comments